Job ID R-027799Date posted 01/19/2023Primary Location SC-Fort MillOther Locations CA-San Diego
Are you a team player? Are you curious to learn? Are you interested in supporting others as they grow their business? Are you interested in being part of a team that is working to transform and do things differently? If so, LPL Financial is the place for you!
LPL Financial (Nasdaq: LPLA) was founded on the principle that the firm should work for the advisor, and not the other way around. Today, LPL is a leader* in the markets we serve, supporting more than 18,000 financial advisors, 800 institution-based investment programs and 450 independent RIA firms nationwide. We are steadfast in our commitment to the advisor-centered model and the belief that Americans deserve access to personalized guidance from a financial advisor. At LPL, independence means that advisors have the freedom they deserve to choose the business model, services, and technology resources that allow them to run their perfect practice. And they have the freedom to manage their client relationships, because they know their clients best. Simply put, we take care of our advisors, so they can take care of their clients.
The Senior Analyst plays a key role in ensuring that the Trade Reporting team successfully performs its reporting responsibilities. It is vitally important that LPL Financial has effective reporting on operational and trading data, for we are subject to extensive scrutiny from regulators and auditors. This position is responsible for working directly with the VP of Trade Regulatory Reporting within CARE Risk Management in the daily execution of various trade regulatory reporting activities as well as collaborate with other team members. This entails ensuring timely, accurate, and complete reporting to various exchanges, self-regulatory organizations, and regulators. Additionally, the Senior Analysts provide support through Quality Control (QC) reviews, further researches, and is expected to complete more complex data analysis, as well as attend and prepare for different types of meetings. The team works collectively to ensure that reports meet the regulatory requirements and adhere to the audit principals of completeness, accuracy, and timeliness.
The Trade Reporting team executes a number of firm-wide reporting functions that fulfill LPL’s regulatory responsibilities as a Broker-Dealer and Registered Investment Advisor, including, but not limited to:
Daily Consolidate Audit Trail (CAT) reporting to FINRA.
Daily Customer Account Information System (CAIS) reporting to FINRA.
Daily Large Option Position Reporting (LOPR) filings with the Options Clearing Corporation (OCC).
Daily INSITE and bi-weekly Short Interest filings with the Financial Industry Regulatory Authority (FINRA).
Quarterly Form 13F filings with the Securities and Exchange Commission (SEC).
Daily Electronic Blue Sheets (EBS) submissions to FINRA.
Daily monitoring of Trade Reporting Facility (TRF) and Over-the-Counter Reporting Facility (ORF) through NASDAQ and FINRA.
Processing (typically using Excel) all Regulatory Reporting completely, accurately, and timely.
Updating processing documentation as needed based upon the QC performed by the Senior Analysts or Managers.
Partnering with the Senior Analysts and Management in researching and providing explanations for reporting anomalies.
Improving the team’s processing acumen by updating Policies & Procedures and cross-training new Analysts.
Assisting with process improvements by standardizing workflows, developing templates, and partnering with the Technology business unit on more robust automated solutions.
Maintain control documentation needed for the various internal, external and regulatory reviews
Investigate, resolve, and track exceptions that may arise.
Assist with coordinating the remediation of reporting anomalies.
What are we looking for?
We want strong collaborators who can deliver a world-class client experience. We are looking for people who thrive in a fast-paced environment, are client-focused, team oriented, and are able to execute in a way that encourages creativity and continuous improvement.
5-10+ years of Broker Dealer Operational experience across multiple departments.
Intermediate to advanced SQL knowledge and/or similar data analytical tools
Intermediate to advanced Excel knowledge.
Intermediate knowledge Microsoft applications, particularly, VISIO, WORD, ACCESS, and PowerPoint.
Ability to work well under pressure, adapt to unexpected events, prioritize and multi-task in a deadline driven environment.
Detail oriented with strong written and verbal communication skills.
Ability to work both independently and as part of a team.
Analytical skills and the ability to consult and resolve issues related to data extraction, validation, and report generation.
Knowledge of control environment for SOX, SSAE18, FICCA, and 17a-5.
$74,640-$111,960/yearThe salary range is dependent on a number of factors, including the applicant’s skill, experience, and work location.
At LPL, we believe that objective financial guidance is a fundamental need for everyone. As the nation’s leading independent broker-dealer, we offer an integrated platform of proprietary technology, brokerage, and investment advisor services. We provide you with a work environment that encourages your creativity and growth, a leadership team that is supportive and responsive, and the opportunity to create a career that has no limits, only amazing potential.
We are one team on one mission. We take care of our advisors, so they can take care of their clients.
Because our company is not too big and not too small, you can seize the opportunity to make a real impact. We are committed to supporting workplace equality, and we embrace the different perspectives and backgrounds of our employees.We also care for our communities, and we encourage our employees to do the same. This creates an environment in which you can do your best work.
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Join the LPL team and help us make a difference by turning life’s aspirations into financial realities. Please log in or create an account to apply to this position. Principals only. EOE.
Information on Interviews:
LPL will only communicate with a job applicant directly from an @lplfinancial.com email address and will never conduct an interview online or in a chatroom forum. During an interview, LPL will not request any form of payment from the applicant, or information regarding an applicant’s bank or credit card. Should you have any questions regarding the application process, please contact LPL’s Human Resources Solutions Center at (800) 877-7210.